• HS_Realtor

HOW TO GET PRE-APPROVED FOR A MORTGAGE

Here are 5 tips to help you get a pre-approval from a lender to purchase a home

1. Proof of Income:


-Not just employment. Proof of INCOME. The lender needs to see proof of a steady income or proof of money coming in on a regular basis



2. Proof of Assets:


-More specifically, liquid assets. Liquid Assets are 'securities' that can easily be converted into cash. These include Checking/Savings accounts, money market accounts, stocks/bonds, retirement funds.



3. Good Credit:


-In the world we live in today, your Credit Score has never been so important. You will need to meet a minimum credit score requirement in order to obtain a mortgage. Is your score too low?? No worries, if you talk to a bank or lenders, they have resources to tell you what you can do to raise your individual score.



4. Proof of Employment:


-The mortgage company needs to make sure you are Employed. Whether its working for a company or being self employed, you have to show proof.



5. Proof of ID:


-This can be as easy as a drivers license, state issued ID, or more complex like proof of citizenship. Anything that proves you are who you say you are.



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© 2018 by HNSrealty

Disclaimer: 

This is a personal website and blog from Heather Schleif, Realtor with Wright Sherburne Realty. Any views or opinions represented in this blog and website  are personal and belong solely to the blog owner, Heather Schleif and Wright Sherburne Realty  do not represent those of people, institutions or organizations that the owner may or may not be associated with in professional or personal capacity, unless explicitly stated, including the views of Wright Sherburne Realty. Any views or opinions are not intended to malign any religion, ethnic group, club, organization, company, or individual. All content provided on this blog is for informational purposes only. Heather Schleif makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. Heather Schleif and Wright Sherburne Realty will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information. Downloadable Files and Images: Any downloadable file, including but not limited to pdfs, docs, jpegs, pngs, is provided at the user’s own risk. The owner will not be liable for any losses, injuries, or damages resulting from a corrupted or damaged file. The owner of this blog is a professional Realtor, however, it is always advised to seek the advice of a attorney or get a second opinion. Views stated in this blog are opinionated beliefs of Heather Schleif  Comments: Comments are welcome. However, the blog owner reserves the right to edit or delete any comments submitted to this blog without notice due to : - Comments deemed to be spam or questionable spam.- Comments including profanity.- Comments containing language or concepts that could be deemed offensive.- Comments containing hate speech, credible threats, or direct attacks on an individual or group. The blog owner is not responsible for the content in comments.

This blog disclaimer is subject to change at anytime.

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